Gowra Leasing net profit doubles to ₹2.88 cr in Q1 FY27
Revenue rises 51%, EPS improves from ₹2.37 to ₹3.72; auditor gives clean chit.
— 1 earlier story on Gowra Leasing & Finance Ltd. →What's new
- Net profit doubled to ₹2.88 crore from ₹1.29 crore in Q1 FY26.
- Revenue jumped 51% to ₹3.96 crore, led by interest income and other income.
- Statutory auditor issued an unmodified limited review conclusion.
Why this matters
The results mark a sharp acceleration from prior quarters (trailing PAT growth was 27.4%), boosted by a surge in other income that may be non-recurring. Still, core interest income rose 49%, suggesting healthy loan book expansion for this ₹97-crore NBFC.
What we're watching
- Whether the other income spike of ₹0.64 crore (vs ₹0.07 crore) is repeatable.
- Loan book growth trajectory for the rest of FY27.
- Asset quality metrics in the next filing; no provisioning concerns this quarter.
The full read
A standout quarter. Net profit doubled to ₹2.88 crore from ₹1.29 crore, revenue climbed 51% to ₹3.96 crore, and EPS improved to ₹3.72 from ₹2.37. The main driver: interest income up 49%, signaling loan book expansion. Other income surged from ₹0.07 crore to ₹0.64 crore, a boost that may not repeat. Clean audit. The ₹97-crore NBFC carries low debt (debt/equity 0.64) and a trailing ROE of 12.8%. A routine quarterly filing, but the numbers are anything but routine for this size; the open question is whether core lending momentum can sustain without the non-interest tailwind.
Questions answered
- How did Gowra's core lending business perform?
- Interest income rose 49% year-on-year, driving the top-line growth. This indicates strong loan book expansion or better yields.
- Why did other income surge so sharply?
- Other income jumped from ₹0.07 crore to ₹0.64 crore. The filing doesn't specify the source, so it may be from recoveries, dividends, or one-off items.
- Is earnings growth sustainable?
- The core loan business grew solidly, but the other income spike clouds run-rate sustainability. EPS improved to ₹3.72 from ₹2.37, but trailing P/E of 16.7 suggests the market may already have priced in the recovery.
- What did the auditor say?
- The statutory auditor issued an unmodified (clean) limited review report with no material concerns, a positive governance signal.
- How does this compare to the company's historical growth?
- Trailing 12-month revenue and PAT growth were 41.3% and 27.4% respectively (from screener data). The current quarter's 51% revenue growth and 123% profit growth are well above those trailing averages.
Gowra Leasing & Finance Ltd.
Latest quarter · Jun 2026
Leverage & growth
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All notes on GOWRALE →- 11 Jul 2026 · 7:00 PM IST Gowra Leasing net profit doubles to ₹2.88 cr in Q1 FY27
- 17d ago Gowra Leasing net profit more than doubles, revenue up 51%